Audit - 1992
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
COMPILED FINANCIAL STATEMENTS
December 31, 1992
WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
~~ri¡;'d
.lJLU. fmhlic
C II ART ERE D accountants
To The Board of Directors
Salina Arts and Humanities Commission
Salina, Kansas
We have compiled the accompanying statement of assets, liabilities
and fund balance - cash basis, of Salina Arts and Humanities Com-
mission as of December 31, 1992, and the related statement of
support, revenue and expenses, and changes in fund balance - cash
basis, for the year then ended, in accordance with standards
established by the American Institute of Certified Public
Accountants. The financial statements have been prepared on the
cash basis of accounting, which is a comprehensive basis of
accounting other than generally accepted accounting principles.
A compilation is limited to presenting in the form of financial
statements information that is the representation of management.
We have not audited or reviewed the accompanying financial state-
ments, and accordingly, do not express an opinion or any other form
of assurance on them.
Management has elected to omit substantially all of the disclosures
required by generally accepted accounting principles. If the
omitted disclosures were included in the financial statements, they
might influence the user's conclusions about the commission's
financial condition. Accordingly, these financial statements are
not designed for those who are not informed about such matters.
January 15, 1993
¿J atJ d4- qI- ~ a n-t.-
WOODS & DURHAM
Certified Public Accountants
1619 E. Iron Avenue. PO. ß,)X 1516 . Salina, Kansas 67402.[ 'j 16 . Phone 913.825.5494
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCE
December 31, 1992
ASSETS
Current Assets
Unrestricted
Cash
Investments
Restricted
Cash
$ 87,710
289,162
9,012
Total Current Assets
385,884
Total Assets
29,780
$i!~!.~~i
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Equipment
LIABILITIES AND FUND BALANCE
Current Liabilities
Deferred revenue
$ 13,500
Fund Balance
Investment in equipment
Restricted
Unrestricted
Total Fund Balance
29,780
9,012
363,372
402,164
Total Liabilities and Fund Balance
$i!~!.~~i
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See accompanying accountant's compilation report.
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF SUPPORT, REVENUE, AND EXPENSES,-
AND CHANGES IN FUND BALANCE - CASH BASIS
December 31, 1992
PUBLIC SUPPORT AND REVENUE
Public Support
Government grants
Contracted revenue
Contributions
$216,651
66,153
93,289
Total Public Support
Revenue
Program revenue
Investment income
Miscellaneous
185,673
16,654
3,958
Total Revenue
Total Public Support and Revenue
EXPENSES
Program Services
Arts programs
Arts services
Support
326,739
99,459
3,183
Total Program Services
Supporting Services
General administration
Miscellaneous
Fund raising
47,371
14,938
25,186
Total Supporting Services
Total Expenses
Total Public Support and Revenue
Over (Under) Expenses
FUND BALANCE - January 1, 1992
FUND BALANCE - December 31, 1992
See accompanying accountant's compilation report.
$376,093
206,285
582,378
429,381
87,495
516,876
65,502
336,662
$402,164
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